Examples of Exculpatory Provisions in a sentence
Subject to the provisions of Section 9.6 [Exculpatory Provisions, Etc.], no Bank shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Banks, or in the absence of such instructions, in the absolute discretion of the Administrative Agent.
The Agent may perform any of its duties hereunder by or through agents or employees (provided such delegation does not constitute a relinquishment of its duties as Agent) and, subject to Sections 9.5 [Reimbursement of Agent by Borrower, Etc.] and 9.6 [Exculpatory Provisions; Limitation of Liability], shall be entitled to engage and pay for the advice or services of any attorneys, accountants or other experts concerning all matters pertaining to its duties hereunder and to rely upon any advice so obtained.
Duties of the Agent; Exculpatory Provisions .....................................................
Amend Section 5.2 [Pro Rata Treatment of Lenders], 10.3 [Exculpatory Provisions, Etc.] or 5.3 [Sharing of Payments by Lenders] or this Section 11.1, alter any provision regarding the pro rata treatment of the Lenders or requiring all Lenders to authorize the taking of any action or reduce any percentage specified in the definition of Required Lenders, in each case without the consent of all of the Lenders.
Concerning The Separate Trustee and the Trustee Section 2.1 Exculpatory Provisions.
Subject to the provisions of Section 9.6 (Exculpatory Provisions; Limitation of Liability), no Bank shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Banks, or in the absence of such instructions, in the absolute discretion of the Agent.
Any action taken or failure to act pursuant to such instructions or discretion shall be binding on the Banks, subject to Section 9.6 [Exculpatory Provisions, Etc.].
Subject to the provisions of Section 9.6 [Exculpatory Provisions; Limitation of Liability], no Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders, or in the absence of such instructions, in the absolute discretion of the Agent.
THE AGENTS 39 Section 11.1. Authorization and Action 39 Section 11.2. Delegation of Duties 40 Section 11.3. Exculpatory Provisions 40 Section 11.4. Reliance by Agents 41 Section 11.5. Non-Reliance on Other Agents and Other Lenders 41 Section 11.6. Reimbursement and Indemnification 42 Section 11.7. Agents in their Individual Capacities 42 Section 11.8. Conflict Waivers 42 Section 11.9. UCC Filings 42 Section 11.10.
THE ADMINISTRATIVE AGENT 51 8.1 Appointment 51 8.2 Delegation of Duties 51 8.3 Exculpatory Provisions 51 8.4 Reliance by Administrative Agent 51 8.5 Notice of Default 51 8.6 Non-Reliance on Administrative Agent and Other Lenders 52 8.7 Indemnification 52 8.8 Administrative Agent in Its Individual Capacity 52 8.9 Release of Liens 52 8.10 Successor Administrative Agent 52 8.11 USA Patriot Act 52 8.12 Beneficiaries 52 3 TABLE OF CONTENTS Page SECTION 9.